|
Preservation
North Carolina and the Preservation Durham have
begun to work with sellers in the East Durham National
Historic District to preserve and rehabilitate its wealth of turn-of-the-century
residences. The houses in this area represent an important piece
of Durham’s history, largely based around its historic mill
industries that helped spur a vibrant local economy through the
first half of the 20th century. Now, as housing prices in the Triangle
have escalated, real estate markets in Durham have made in-town
locations desirable for both businesses and residents. Proximity
to such projects as the successful American Tobacco development
in downtown Durham and Research Triangle Park will make East Durham
an attractive location for homeowners. Revitalization of the neighborhood
will bring more amenities and the proposed commuter rail station
at Alston Avenue will help the area grow, but it will be neighborhood
residents, new and old, that will ensure East Durham’s success.
History
East
Durham began to grow with the construction of the Durham Cotton
Manufacturing Company in the 1890s along Pettigrew Street. The area
began to flourish as the Durham Bobbin and Shuttle Mill, Golden
Belt Manufacturing Company, Durham Hosiery Mill, Durham Fertilizer
Company, and the Chatham and W.C. Carrington Lumber Companies located
there. In 1902, a trolley line was extended into the neighborhood
along Angier Avenue and Holloway Street as far as Driver Street.
At the 400 block of Driver Street, the Durham Ballfield was built
to encourage ridership and to provide a home for mill team rivalries.
The
area boomed until the Great Depression, when several mills closed,
and the trolleys were replaced by buses. In 1938, the flagship factory
in East Durham, the Durham Cotton Manufacturing Company, finally
closed its doors. However, the diversity of the area’s economy
held it and the booming tobacco factories helped provide work for
displaced mill workers.
It
was these mill workers, along with tradesmen and merchants that
bought land and built houses in the booming East Durham area. The
earliest houses were Queen Anne and their more modest cousin, the
Folk Victorian, built largely between 1880 and 1900. The next style
of houses built were the Craftsman—either bungalows or cottages—or
Foursquare, built between 1905 and 1930. After this time, Tudor
style houses and Post-War cottages dominated the new building. After
WWII, the dynamic of the neighborhood changed, with much of the
housing switching from owner-occupied to rental housing. Though
most of the historic houses are still standing, many are in need
of renovation.
Today
This
historic area has many Victorian, Craftsman, and other styles of houses
built around the turn of the century. The houses in the East Durham
National Register Historic District are a great opportunity for
enterprising homebuyers to live in well-crafted and historic houses
close to a quickly growing downtown Durham and the Research Triangle
Park at an affordable price. Homeowners are eligible for state and
federal tax credits ranging from 30 to 40 percent on their
rehabilitation investments. With traffic starting to choke the Triangle
region and the median home values in Durham at over $175,000*,
the easy highway access and short trips to downtown Durham and the
Research Triangle Park, these houses are a great investment opportunity.
*from National Association of Realtors, Median Sales Price of Existing Single-Family Homes for Metropolitan Areas.
|